The European commission today proposed to mobilise €5.5 billion per year as part of unified defence fund to boost Europe's defence capabilities and to coordinate, supplement and amplify national investments in defence research, in the development of prototypes and in the acquisition of defence equipment and technology,.
The European Defence Fund (EDF) has two strands:
Research: The research aspect of the fund is already delivering. Starting in 2017, the EU will for the first time offer grants for collaborative research in innovative defence technologies and products, fully and directly funded from the EU budget. Projects eligible for EU funding will focus on priority areas previously agreed by Member States, and could typically include electronics, metamaterials, encrypted software or robotics.
This will be financed with:
€90 million until the end of 2019, with €25 million allocated for 2017. A call for proposals is being launched today for projects in the areas of unmanned systems in a naval environment and soldiers systems. The signature of the first grant agreements is expected by the end of this year.
€500 million per year after 2020. In 2018, the Commission will propose a dedicated EU defence research programme with an estimated annual budget of €500 million making the EU one of the biggest defence research investors in Europe.
Development and acquisition: The fund will create incentives for Member States to cooperate on joint development and the acquisition of defence equipment and technology through co-financing from the EU budget and practical support from the Commission. Member States may for example jointly invest in developing drone technology or satellite communication, or bulk buy helicopters to reduce costs.
Only collaborative projects will be eligible, and a proportion of the overall budget will be earmarked for projects involving cross-border participation of SMEs.
The EU will offer co-financing with:
€500 million in total for 2019 and 2020, under a dedicated defence and industrial development programme proposed today.
€1 billion per year after 2020. A more substantial programme will be prepared for post-2020, with an estimated annual budget of €1 billion. The programme will leverage national financing with an expected multiplying effect of 5. It could therefore generate a total investment in defence capability development of €5 billion per year after 2020.
Vice-President for Jobs, Growth, Investment and Competitiveness Jyrki Katainen said, “The fund will act as a catalyst for a strong European defence industry which develops cutting-edge, fully interoperable technologies and equipment. Member States will remain in the driving seat, get better value for their money – and ultimately see their influence increased."
Commissioner Elżbieta Bieńkowska, responsible for Internal Market, Industry, Entrepreneurship and SMEs, added: "Europe must become a security provider. The fund will support collaborative research in defence and the joint development of defence capabilities.
The European Union is set to unveil a multi-million-euro defense fund to buy military equipment and on inter-European defense capabilities at a time when US President has called for increased contributions from European countries for NATO. The push for a new phase of cooperation on military and security including on procurement of weapons and technologies will make European countries free from relying on US spending in North Atlantic Treaty Organization (NATO)
Indonesia could target Airbus and Thales if the European Parliament acts on a resolution to reduce the use of palm oil of which the South East Asian nation is the world's largest producer. A recent European Parliament resolution seeks to reduce the use of palm oil for environmental reasons following a string of campaigns conducted by European NGOs which suggest that palm oil substances are detrimental to human health
European lawmakers have called for an approval of arms embargo against Saudi Arabia citing its involvement in the ongoing war in Yemen. A petition signed by over 750,000 European citizens asking for an end to weapons sales to Riyadh follows the European Parliaments resolution, Reuters reported Thursday
The European Union defense pact, known as Permanent Structured Cooperation (PESCO), has identified 17 defense projects to be undertaken by the 25 participating EU states starting next year. European Union member states on Monday kick-started the establishment of a defense union, after the European Council approved the new European defense and security cooperation network, at a meeting in Brussels, an EU press release said
Frand and Germany plan to come up with a roadmap for joint development of a new European fighter jet and replacement of the existing fleet by mid-2018. "Today there are too many European standards and qualifications and sometimes there is competition among Europeans internationally," French President Emmanuel Macron was quoted as saying by Reuters during a news conference along with German Chancellor Angela Merkel Friday
The European Commissions (EC) unified multi-billion-euro defense fund to buy military equipment may affect sales of US-made equipment including Lockheed Martins F-35 fighters in Europe. "The protection of Europe can no longer be outsourced," European Commission President Jean-Claude Juncker told a defence conference in Prague Friday
Indian Govt Wanted Reliance as Rafale Partner: Hollande
US Sanctions China for Buying Russian Su-35 Jets, S-400 Missile Systems
China to Unveil Apache Helicopter Rival at Zhuhai Air Show
US DSCA Approves Sale of Three Shallow Water Combat Submersibles to UK...
Bharat Electronics Receives INR9200 Crore ($1.8Billion) Order for Naval LRSAM
Argentina Finally Makes Payment For Five Dassault Super Etendard Strike Aircraft
Israel Air Force Considering Boeing F-15 over Additional F-35 Fighter Jets
Philippines, Bangladesh Likely to Buy 100 Turkish-Indonesian KAPLAN Tanks
Russian fifth generation fighter aircraft (FGFA) Su-57 will for the first time perform flights during the ARMY 2018 event near...
The American-made Patriot and Russian S-400 Triumf air defense systems are currently hogging international orders despite their price tags running...
The Russian ministry of defense on Thursday published a series of videos showcasing the production, deployment and installation and testing...
The market for fighter jets in countries which are expected to have open competitions is estimated at US$50 billion to...
The Indian MoD's plan to purchase 110 fighter jets may be its costliest fighter jet buy ever with the entire...
Indias plans of integrating the MBDAs meteor missile on its LCA Tejas and Su-30MKI aircraft may not happen due to...